JPMorgan, Bank of America, Citigroup, and Wells Fargo explore joint stablecoin project to challenge digital asset platforms
Major US banks including JPMorgan, Bank of America, Citigroup, and Wells Fargo are exploring a joint stablecoin project to compete with crypto platforms, pending regulatory clarity.
Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining
Michigan lawmakers introduced four crypto bills addressing retirement fund investments, CBDC restrictions, and Bitcoin mining at abandoned energy sites, with bipartisan support.
Nomad Bridge Hacker Arrested in Israel Over $190M Crypto Exploit – Brave New Coin
Alexander Gurevich, a suspect in the $190M Nomad Bridge hack, was arrested in Israel while attempting to flee. The 2022 exploit involved a smart contract vulnerability that led to widespread theft.
Senators plan to amend GENIUS Act to address Trump family’s stablecoin
US Senate Democrats plan to amend the GENIUS Act to prevent presidents from profiting from stablecoins, targeting Trump’s family ties to a crypto platform issuing USD1 stablecoin.
Nothing Big Enough To Topple US Dollar Dominance Just Yet, According to Central Bank of Brazil Director: Report – The Daily Hodl
Brazil’s central bank director states the US dollar will remain dominant for at least a decade, as BRICS lacks the market size to challenge it despite discussions on de-dollarization.
Dem Rep. Waters issues new bill to curb crypto
Democrat Maxine Waters introduced a bill to restrict Trump and officials from crypto activities, citing corruption risks. The Stop TRUMP Act targets trading, holding, and promoting digital assets.
Breaking: SEC Delays Decision On CoinShares Spot XRP and Litecoin ETF
The SEC has delayed decisions on CoinShares’ spot XRP and Litecoin ETFs, requesting more public comments. Similar delays occurred for other crypto ETFs, with approvals potentially coming in Q4 2024.
XRP Ledger Welcomes Its First MiCA-Regulated Euro Stablecoin
Schuman Financial’s EURØP is the first MiCA-regulated euro stablecoin on XRP Ledger, combining compliance with fast transactions for DeFi and RWA tokenization.
Donald Trump Claims US Is ‘Dominating’ In Crypto & Bitcoin Ahead Crypto Dinner
Donald Trump claims the US is leading in Bitcoin and crypto dominance, citing national holdings and upcoming regulatory efforts, ahead of a crypto dinner with TRUMP coin holders.
CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits – Decrypt
CFTC Commissioner Summer Mersinger indicated crypto perpetual futures may soon trade in the U.S., despite impending departures of several commissioners that could slow regulatory actions.
